News Archives for Latest - 2024-03-08

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Archive - 2024-03-08

Stocks

KSE-100 ends week in green as IMF statements help sentiment

Stocks at the Pakistan Stock Exchange (PSX) closed the final session of the week on a high note amid statements by...

Updated 08 Mar, 2024 11:56pm

Pakistan

4 terrorists killed in North Waziristan IBO: ISPR

Security forces on Friday killed four terrorists during an intelligence-based operation (IBO) in North Waziristan...

Updated 08 Mar, 2024 11:54pm

Pakistan

PM Shehbaz announces to establish Pakistan Education Endowment Fund

Prime Minister Shehbaz Sharif on Friday announced to establish Pakistan Education Endowment Fund to enable the high...

Updated 08 Mar, 2024 11:49pm

Middle East

Expanding Israeli settlements a 'war crime': UN

GENEVA: Expanding Israeli settlements in the occupied Palestinian territories constitutes "a war crime" and risks...

Updated 08 Mar, 2024 11:43pm

Markets

Pakistan’s remittances clock in at $2.25bn in February, up 13% YoY

However, inflows decrease 6% on a monthly basis

Updated 08 Mar, 2024 11:36pm

World

Hamas armed wing says ‘no compromise’ in Gaza truce talks

JERUSALEM: Hamas’s armed wing said Friday there would be no compromise on the movement’s demand that Israel withdraw...

Published 08 Mar, 2024 11:33pm

Energy

Cnergyico Pk anticipates investment of over $1bn in refinery upgradation

Cnergyico Pk Limited, formerly known as Byco Petroleum Pakistan Limited, sees its anticipated investment at over $1...

Updated 08 Mar, 2024 11:31pm

Markets

SBA: IMF awaits formation of PM Shehbaz's cabinet ahead of sending mission for 2nd review

In press briefing, Julie Kozak, Director of Communications, says focus is on completion of current Stand-By Arrangement, IMF 'stands ready' to send mission

Updated 08 Mar, 2024 11:30pm

Business & Economy

IMF ready for formulation of 'new medium-term programme', responds to PTI's letter

Says it encourages fair and peaceful resolution of all electoral disputes

Updated 08 Mar, 2024 11:27pm

Exchange

Rupee sees back-to-back gains against US dollar

Currency settles at 279.04 against the US dollar in inter-bank market

Updated 08 Mar, 2024 10:00pm

Stocks

S&P 500, Nasdaq hit record highs as jobs data strengthens rate cut bets

Expectations bolstered that the Fed could begin cutting interest rates by the middle of this year

Published 08 Mar, 2024 09:45pm

Energy

Global LNG: Asian spot LNG prices inch up on emerging Chinese demand

LONDON: Asian spot liquefied natural gas (LNG) prices inched up this week as temperatures below seasonal normal...

Published 08 Mar, 2024 07:53pm

Industry

inDrive’s optimism: eyeing opportunities in Pakistan’s challenging environment

Whether grappling with political turmoil, inflation, or exchange rate issues, Daniil Petin, Vice President of...

Published 08 Mar, 2024 07:29pm

Stocks

UAE bourses gain on rate cut bets

United Arab Emirates stock exchanges ended higher on Friday, tracking global equities after U.S. Federal Reserve...

Published 08 Mar, 2024 07:22pm

Europe

Two killed, 26 injured in Russian attack on Ukraine’s Sumy, officials say

Russian missile attack on Ukraine’s northern city of Sumy on Thursday killed two people and injured 26 more, the...

Published 08 Mar, 2024 06:41pm

Companies

Jahangir Piracha, CEO Engro Polymer & Chemicals, ‘opts for early retirement’

Jahangir Piracha, Chief Executive Officer (CEO) of Engro Polymer & Chemicals Limited (EPCL), has opted for early...

Updated 08 Mar, 2024 06:38pm

Europe

Zelensky due in Istanbul for Erdogan talks on war, Black Sea

ISTANBUL: Ukrainian President Volodymyr Zelensky was due in Istanbul on Friday for talks with his Turkish...

Published 08 Mar, 2024 06:21pm

Commodities

World food prices drop for seventh month: FAO

PARIS: World food prices dropped for the seventh month in a row February as falling cereal prices outweighed more...

Published 08 Mar, 2024 06:01pm

South Asia

Afghan women stage rare, private protests on International Women’s Day

KABUL: Small groups of Afghan women on Friday staged rare demonstrations to mark International Women’s Day in...

Published 08 Mar, 2024 05:57pm

Pakistan

Incomplete electoral college: Achakzai asks ECP to postpone presidential election

Sunni Ittehad Council’s presidential candidate Mahmood Khan Achakzai on Friday asked the Election Commission of...

Published 08 Mar, 2024 05:45pm

South Asia

UK PM Sunak’s mother-in-law appointed to Indian parliament

NEW DELHI: The mother-in-law of British Prime Minister Rishi Sunak was on Friday appointed to serve in India’s...

Published 08 Mar, 2024 05:38pm

Cricket

Hasaranga return boosts Sri Lanka for Bangladesh T20 decider

SYLHET: Sri Lanka T20 captain Wanindu Hasaranga’s return from suspension could give his team the edge in the decider...

Published 08 Mar, 2024 05:28pm

South Asia

India raids network sending citizens to fight for Russia

NEW DELHI: Indian authorities said they had detained members of a “trafficking” network sending citizens of the...

Published 08 Mar, 2024 05:25pm

Energy

Oil stable as investors digest rate cut signals

LONDON: Oil prices were little changed on the day on Friday, as investors digested hints of looming interest rate...

Updated 08 Mar, 2024 05:04pm

Commodities

Copper extends gains on hopes for rate cuts, China revival

LONDON: Copper prices extended gains to a fresh five-week peak on Friday on hopes that U.S. jobs data will provide...

Published 08 Mar, 2024 05:00pm

Commodities

Palm oil tracks Dalian rivals higher, logs third weekly gain

SINGAPORE: Malaysian palm oil futures rose on Friday to log a third straight weekly gain amid higher Dalian softs...

Published 08 Mar, 2024 04:56pm

Perspectives

2024 may not serve the climate cause well

If 2023 wasn’t a good year for climate change, 2024 may not be any better – for those who wanted to hear some good...

Published 08 Mar, 2024 03:53pm

Life & Style

‘Oppenheimer’ may bring Oscars gold to Universal

LOS ANGELES: “Oppenheimer” appears poised to dominate Sunday’s Academy Awards, validating Universal studio chief...

Published 08 Mar, 2024 03:52pm

Life & Style

ValueAct reiterates backing for Disney amid boardroom fight with Trian

Activist hedge fund ValueAct Capital reiterated its backing for Walt Disney , opens new tab on Thursday amid a board...

Published 08 Mar, 2024 03:46pm

Life & Style

Music executive sues industry lawyer Joel Katz, Greenberg Traurig firm

A music executive has filed a legal malpractice lawsuit, opens new tab against U.S. law firm Greenberg Traurig and...

Published 08 Mar, 2024 03:45pm

Stocks

European stock markets steady before US jobs data

LONDON: Europe’s main stock markets steadied at the start of trading Friday, with all eyes on key US jobs data...

Published 08 Mar, 2024 03:12pm

Sports

Stokes, Anderson strike as India’s lead crosses 150

DHARAMSALA: England skipper Ben Stokes struck on his first delivery since knee surgery and fellow quick James...

Updated 08 Mar, 2024 03:09pm

Stocks

London stocks tepid ahead of US jobs data; DS Smith shines

UK shares dipped on Friday ahead of key US jobs data that could help shape investor expectations on interest rate...

Published 08 Mar, 2024 03:04pm

Business & Finance

ECB policymakers line up behind upcoming rate cut

FRANKFURT: European Central Bank policymakers on Friday lined up in support of an interest rate cut in the coming...

Published 08 Mar, 2024 03:02pm

Europe

Israeli offensive in Gaza’s Rafah ‘cannot be allowed to happen’: UN

GENEVA: The United Nations human rights office said on Friday that an Israeli offensive in Gaza’s border town of...

Published 08 Mar, 2024 02:59pm

Pakistan

X factor: Social media platform ban hits businesses, news in Pakistan

KARACHI: From business owners fretting over lost clients to journalists seeking new sources, Pakistanis want the...

Updated 08 Mar, 2024 02:56pm

Pakistan

PM Shehbaz announces relief package for AJK rain victims

Says Rs700,000 will be given to the affectees whose homes were fully damaged

Updated 08 Mar, 2024 02:52pm

Pakistan

Success of Balochistan is success of Pakistan, says COAS Munir

ISPR statement says army chief briefed on the security situation in Balochistan

Published 08 Mar, 2024 02:50pm

USA

US to build temporary port to deliver Gaza aid

WASHINGTON: The US military will build a temporary port on Gaza’s Mediterranean coast to receive humanitarian aid by...

Published 08 Mar, 2024 01:45pm

Forex

Most Asian currencies, equities rise as US rate cut bets firm

Most Asian currencies and equities advanced on Friday ahead of crucial US jobs data and growing optimism over US...

Published 08 Mar, 2024 01:34pm

Mutual Funds

Japan’s 2-year bond yield hits 13-year high on rising bets on BOJ policy shift

TOKYO: Japan’s two-year government bond (JGB) yield hit a 13-year high on Friday amid growing speculation that the...

Published 08 Mar, 2024 01:33pm

Europe

Former British PM Theresa May to stand down at next election

LONDON: Former British Prime Minister Theresa May will not stand for re-election to parliament, she said on Friday,...

Published 08 Mar, 2024 01:32pm

Pakistan

President Dr Arif Alvi presented with farewell guard of honour

Presidential elections will be held tomorrow (March 9)

Updated 08 Mar, 2024 12:34pm

Pakistan

Pakistan’s women ‘Rowdy Riders’ take on traffic and tradition

KARACHI: Revving round a dusty oval in the heart of Pakistan’s largest city, women on motorbikes practise looping a...

Published 08 Mar, 2024 12:16pm

Sports

Josh Hazlewood stars as Australia dominate day one against NZ

CHRISTCHURCH: A five-wicket haul by paceman Josh Hazlewood ensured Australia had the upper hand on a wicket-laden...

Published 08 Mar, 2024 11:47am

Europe

Russia, Ukraine down dozens of drones overnight

KYIV: Russia and Ukraine said they downed dozens of drones overnight, as both launched overnight attacks on each...

Published 08 Mar, 2024 11:44am

Europe

Campaigning wraps up for tight Portugal snap election

LISBON: Campaigning wraps up in Portugal on Friday ahead of a snap weekend general election, with polls pointing to...

Published 08 Mar, 2024 11:38am

Energy

China’s CNOOC makes 100 million ton oilfield discovery in South China Sea

BEIJING: Chinese state-owned oil and gas giant CNOOC Ltd has discovered a new reserve in the South China Sea...

Published 08 Mar, 2024 11:22am

Stocks

Asia shares strike seven-month high ahead of US jobs data

SINGAPORE: Asian stocks rose to a seven-month peak on Friday, tracking global peers as investors cheered the...

Published 08 Mar, 2024 11:11am

Sports

Naomi Osaka, Raducanu and Wozniacki reach Indian Wells second round

INDIAN WELLS: Grand Slam champions Naomi Osaka, Emma Raducanu and Caroline Wozniacki reached the second round of...

Published 08 Mar, 2024 11:04am

Commodities

Palm oil tracks rival oils higher, set for more than 3% weekly gain

SINGAPORE: Malaysian palm oil futures rose on Friday amid higher edible and crude oil prices, and are headed for a...

Published 08 Mar, 2024 11:01am

Forex

Australia, NZ dollars set for weekly gains as global easing comes into view

SYDNEY: The Australian and New Zealand dollars were headed for weekly gains on Friday, as hopes grew interest rates...

Published 08 Mar, 2024 10:58am

Commodities

Wheat firms but set for second weekly loss on lacklustre demand

SINGAPORE: Chicago wheat inched higher on Friday, with short-covering supporting prices after recent declines,...

Published 08 Mar, 2024 10:56am

Commodities

China coal imports to be flat in 2024, Guangdong Energy exec says

XIAMEN: China’s coal imports are expected to be little changed in 2024, despite an expected 4% increase in demand...

Published 08 Mar, 2024 10:54am

Sports

Liverpool boss Klopp says in-form Nunez still not at his peak

Liverpool’s Darwin Nunez has “quality coming out of his ears” but still has room for improvement, manager Juergen...

Published 08 Mar, 2024 10:52am

South Asia

India’s Modi cuts cooking gas cylinder price by 100 rupees, weeks before polls

NEW DELHI: India has decided to reduce the cost of a cooking gas cylinder by 100 rupees ($1.2), Prime Minister...

Published 08 Mar, 2024 10:47am

Sports

Gael Monfils soars, Wawrinka Czechs out at Indian Wells

INDIAN WELLS: Gael Monfils played near-perfect tennis to crush Australian Max Purcell 6-1 6-2 and reach the second...

Published 08 Mar, 2024 10:42am

Stocks

China stocks struggle as investors remain unconvinced by policy plans

SHANGHAI: China stocks struggled for direction on Friday as investors remained unconvinced by authorities’ growth...

Published 08 Mar, 2024 10:35am

Sports

Andy Murray says tennis should follow rugby’s lead in the way players treat officials

INDIAN WELLS: Andy Murray said players must be more careful about how they treat officials as “lines have probably...

Published 08 Mar, 2024 10:31am

Companies

Boeing says annual employee bonuses will focus on safety

Boeing said on Thursday it is overhauling how it pays employee bonuses to emphasize quality and safety, with this...

Published 08 Mar, 2024 10:28am

Asia

North Korea’s Kim guides artillery firing drill in range of Seoul, KCNA says

SEOUL: North Korean leader Kim Jong Un guided an artillery firing drill by the Korean People’s Army, the country’s...

Published 08 Mar, 2024 10:26am

Sports

FIFA report shows no doping cases prosecuted from its tournaments in 2023

FIFA’s anti-doping body did not prosecute any doping cases from its tournaments held in 2023, according to a report...

Published 08 Mar, 2024 10:20am

Bullion Rate

Gold poised for best week in 5 months as Powell hints at rate cuts

Gold prices on Friday were on track for their biggest weekly jump in five months, hovering near a record peak, as...

Published 08 Mar, 2024 10:18am

USA

Biden takes on Trump and Republicans in feisty State of the Union speech

WASHINGTON: President Joe Biden took on Donald Trump in a fiery speech to Congress on Thursday, accusing his...

Published 08 Mar, 2024 10:12am

19 essential commodities: Subsidy being provided to the poor, PM told

PM Shehbaz Sharif presides over a meeting on the Prime Minister’s Ramazan Relief Package and the Benazir Income Support Program

Updated 08 Mar, 2024 10:09am

Pakistan

Living in Dubai, scaling summits all over: Pakistan’s Naila Kiani finds no mountain high enough

DUBAI: When British mountaineer George Mallory was asked why he wanted climb Mount Everest, the tallest summit in...

Updated 08 Mar, 2024 10:07am

Forex

Yuan holds steady, US payrolls and China inflation in focus

SHANGHAI: China’s yuan held steady against a weakening US dollar, as US yields slipped after Federal Reserve Chair...

Published 08 Mar, 2024 10:04am

Stocks

Japan’s Nikkei rises as tech shares rally, banks gains on BOJ bets

TOKYO: Japan’s Nikkei share average rose on Friday, as technology stocks rallied tracking gains in Wall Street peers...

Published 08 Mar, 2024 10:02am

Stocks

Banks drive Australia shares higher on increasing rate cut bets

Australian shares rose on Friday to a record-high level, led by heavyweight financials, as investors increasingly...

Published 08 Mar, 2024 10:00am

Forex

Dollar droops ahead of payrolls

SINGAPORE: The dollar headed for its sharpest weekly drop of the year on Friday as Federal Reserve Chair Jerome...

Published 08 Mar, 2024 09:57am

Corporate Restructuring Companies Rules: SECP introduces major amendments

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has taken major steps to improve the...

Updated 08 Mar, 2024 09:49am

Inclusion of hybrid energy project in IGCEP: OEL seeks PD’s support

ISLAMABAD: The Oracle Energy Limited (OEL) has sought the Power Division’s support for the inclusion of its hybrid...

Updated 08 Mar, 2024 09:48am

Sri Lanka ex-leader claims ousted over China investments

COLOMBO: Former Sri Lankan president Gotabaya Rajapaksa ended a long silence over his ouster Thursday by releasing a...

Updated 08 Mar, 2024 09:47am

UK should first listen to voice of its own citizens: FO

ISLAMABAD: The Foreign Office, on Thursday, responded sharply to British Foreign Secretary David Cameron’s recent...

Updated 08 Mar, 2024 09:46am

Moody’s changes outlook on banking to stable from negative

ISLAMABAD: Moody’s Investors Services (Moody’s) has changed its outlook on the banking sector of Pakistan (Caa3...

Updated 08 Mar, 2024 09:45am

BR Research

Rate cut in the offing?

The bond market is expecting a rate cut soon while the forex players are expecting the currency to be under...

Published 08 Mar, 2024 09:14am

BR Research

Shell Pakistan – returning to profits

The previous couple of years had the bearing on the OMC where despite growth in revenues due to rising prices, the...

Published 08 Mar, 2024 09:07am

BR Research

Interview with Adeela Liaquat Ali Khan, Corporate Affairs & Engagement Director - L’Oréal Pakistan

‘Synergy between women empowerment and financial inclusion is integral to achieving gender equality’ Adeela Liaquat...

Published 08 Mar, 2024 09:02am

Zardari will become President: PM

ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday presidential candidate of ruling coalition, Asif Ali...

Updated 08 Mar, 2024 08:54am

Handing over power cos to provinces: Shehbaz orders formation of body to examine proposal

ISLAMABAD: Prime Minister Shehbaz Sharif has directed to constitute a review committee on the proposal of handing...

Updated 08 Mar, 2024 08:52am

Mari network: Engro, others investing $300m in gas PEF project

KARACHI: Engro Fertilizers and other major fertilizer manufacturers are investing heavily worth $300 million in Gas...

Updated 08 Mar, 2024 08:50am

KE-govt mediation process begins

ISLAMABAD: Mediator, Ashtar Ausaf Ali, has started the mediation process between K-Electric (KE) and government...

Updated 08 Mar, 2024 08:50am

FBR officers asked to dispose of deferred ST refunds by June 1

ISLAMABAD: The Federal Board of Revenue (FBR) Thursday directed field formations to dispose of deferred sales tax...

Updated 08 Mar, 2024 08:49am

BR’s refresher: your morning briefing for the day

Important updates from March 7, 2024

Published 08 Mar, 2024 08:49am

Opinion

Navigating data governance in Pakistan’s evolving financial landscape

The winds of change are blowing strong, not just in the realm of nature and climate, but also in the very fabric of...

Published 08 Mar, 2024 03:14am

Opinion

Provincial economic policy

As the new provincial governments are finding their feet in a rather very difficult economic environment, it is...

Published 08 Mar, 2024 03:14am

Opinion

Role of KPK in new leadership dynamics

Pakistan is embarking on a new chapter in its history, following the February 8, 2024 elections, with almost all...

Published 08 Mar, 2024 03:14am

World

Hopes dim for Gaza truce before Ramazan as war enters sixth month

GAZA STRIP: Hopes dimmed on Thursday for a truce before Ramadan in the Israel-Hamas war that entered its sixth month...

Published 08 Mar, 2024 03:15am

World

China calls war in Gaza ‘a disgrace to civilisation’

GAZA STRIP: China described the war in Gaza as a “disgrace to civilisation” and called on Thursday for an...

Published 08 Mar, 2024 03:15am

World

Haiti extends state of emergency as gangs target police

PORT-AU-PRINCE: Haiti’s troubled capital was put under a state of emergency for another month on Thursday as...

Published 08 Mar, 2024 03:15am

World

US airdrops aid to Gaza for third time in week

WASHINGTON: American C-130 cargo planes airdropped aid to Gaza on Thursday, the US military said, its third joint...

Published 08 Mar, 2024 03:15am

World

Trump hit with UK legal bill after losing case

LONDON: Former US president Donald Trump will have to pay at least £300,000 ($382,000) in costs after losing a UK...

Published 08 Mar, 2024 03:15am

Pakistan

The Weather

KARACHI: The weather report on Thursday (March 07, 2024) and the forecast for Friday (March 08, 2024)...

Published 08 Mar, 2024 03:14am

South Asia

Indian govt hikes inflation-adjusted allowances

NEW DELHI: The Indian government on Thursday hiked inflation-adjusted pay and allowances for 11.7 million employees...

Published 08 Mar, 2024 03:14am

World

Sweden to join NATO in shadow of Ukraine war

WASHINGTON: Sweden was set to join NATO on Thursday, capping two centuries of non-alignment and two years of...

Published 08 Mar, 2024 03:14am

Europe

‘No limits’ to Ukraine support, Macron tells party leaders

PARIS: President Emmanuel Macron on Thursday said France would not rule out any option to support Ukraine two years...

Published 08 Mar, 2024 03:14am

World

Saudi Arabia doubles sovereign fund’s stake in Aramco

RIYADH: Saudi Arabia transferred an 8% stake in Aramco to the country’s Public Investment Fund, as the kingdom...

Published 08 Mar, 2024 03:14am

World

Six people killed in Canadian capital in rare case of mass murder

OTTAWA: Six people, including four children, were killed in the Canadian capital Ottawa late on Wednesday, police...

Published 08 Mar, 2024 03:14am

World

Indians killed in Ukraine forced to fight for Russia, families say

NEW DELHI: When Mohammed Asfan from India’s Hyderabad city travelled to Russia to work as a “helper” in the...

Published 08 Mar, 2024 03:14am

World

Proton offers free VPN access to fight election manipulation

GENEVA: Internet privacy company Proton said on Wednesday it would offer a network of free VPN servers for use in...

Published 08 Mar, 2024 03:14am

World

Global patent filings fall for first time in over a decade: UN

GENEVA: International patent filings declined last year for the first time in 14 years due to higher interest rates...

Published 08 Mar, 2024 03:14am

Technology

Google opens new cybersecurity hub in Japan

TOKYO: Google on Thursday launched a new cybersecurity hub in Japan, aimed at helping to upgrade defences in the...

Published 08 Mar, 2024 03:14am

Pakistan

‘Road to Makkah’ KSA delegation visits Karachi airport

KARACHI: A high-level delegation of Saudi officials, led by Saudi Envoy Nawaf Bin Saeed Al-Maliki, visited Jinnah...

Published 08 Mar, 2024 03:14am

Pakistan

PTCL Group distributes smartphones under ‘Ba-Ikhtiar’ programme

KARACHI: In celebration of International Women’s Day, Pakistan’s largest telecommunications and integrated ICT...

Published 08 Mar, 2024 03:14am

Pakistan

Punjab cabinet approves ‘Ramazan Nigahban Relief Package’

LAHORE: The new Punjab cabinet in its maiden meeting held with Chief Minister Maryam Nawaz in the chair accorded...

Published 08 Mar, 2024 03:14am

Pakistan

PML-N leader for shunning hatred, divisive politics

LAHORE: Pakistan Muslim League-Nawaz (PML-N) senior leader Khawaja Saad Rafique has asked the PTI to shun hatred,...

Published 08 Mar, 2024 03:14am

Pakistan

Proposal being mulled to extend Sanjrani’s tenure

ISLAMABAD: The Senate Secretariat is considering the proposal on having the existing rules of business amended to...

Published 08 Mar, 2024 03:14am

Pakistan

US CG inaugurates scholarship programme

LAHORE: United States Consul General in Lahore Kristin Hawkins inaugurated the English Access Scholarship Programme...

Published 08 Mar, 2024 03:14am

Pakistan

CM Maryam heaps praise on ASP Shehrbano Naqvi for bravery

LAHORE: Punjab Chief Minister Maryam Nawaz has extended appreciation to Assistant Superintendent of Police (ASP)...

Published 08 Mar, 2024 03:14am

Pakistan

‘Women’s Day’ will be marked today

LAHORE: With the theme “Invest in Women: Accelerate Progress”, the International Women’s Day is being marked...

Published 08 Mar, 2024 03:14am

Pakistan

Governor for use of modern technology to boost agri output

FAISALABAD: Governor Punjab/ Chancellor Muhammad Balighur Rehman has said that knowledge-based economy, tangible...

Published 08 Mar, 2024 03:14am

Pakistan

Election results: PTI demands impartial audit under Pildat report

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Thursday demanded an impartial audit of the “massively rigged”...

Published 08 Mar, 2024 03:14am

Pakistan

Govt, ‘establishment’ will be held responsible ‘if anything happens to party founder’: PTI

ISLAMABAD: A day after police claimed of thwarting a terrorist attack on Adiala jail, where ex-prime minister Imran...

Published 08 Mar, 2024 03:14am

Pakistan

Bani Gala sub-jail: IHC seeks report about present condition of Bushra

ISLAMABAD: The Islamabad High Court (IHC) sought a report from the Islamabad administration about the present...

Published 08 Mar, 2024 03:14am

Pakistan

Avenfield, Al-Azizia, and Flagship references: Perpetual arrest warrants for Hassan Nawaz, brother suspended till 14th

ISLAMABAD: The Accountability Court, on Thursday, suspended the perpetual arrest warrants of Hassan and Hussain...

Published 08 Mar, 2024 03:14am

South Asia

Foreign banks: Dubai’s ruler issues law imposing 20pc annual tax

DUBAI: Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum on Thursday issued a law imposing an annual tax of 20%...

Published 08 Mar, 2024 03:14am

South Asia

IIOJK has been transformed, Modi claims on first visit in five years

OCCUPIED SRINAGAR: The Illegally Indian Occupied Jammu and Kashmir (IIOJK) has been transformed and integrated with...

Published 08 Mar, 2024 03:14am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (March 07, 2024). ==================================== BR...

Published 08 Mar, 2024 03:14am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 07, 2024)....

Published 08 Mar, 2024 03:14am

Rates

LME official prices

LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM...

Published 08 Mar, 2024 03:14am

Pakistan

Presidential election: PPP’s Kundi claims his party enjoys MQM-P’s support

ISLAMABAD: Pakistan People’s Party (PPP) Information Secretary Faisal Karim Kundi claimed that his party has the...

Published 08 Mar, 2024 03:14am

Pakistan

‘Public investment’s key objectives are to efficiently allocate scarce resources’

ISLAMABAD: Planning Commission Deputy Chairman Mohammad Jehanzeb Khan said that public investment’s key objectives...

Published 08 Mar, 2024 03:14am

Stocks

Tokyo stocks end lower as yen strengthens

TOKYO: Tokyo shares trimmed early gains to end lower Thursday, as chip-linked shares lost momentum and investors ...

Published 08 Mar, 2024 03:14am

Stocks

Financials lead India’s Nifty, Sensex to record highs

BENGALURU: India’s blue-chips extended their rally to record highs for a second session in a row on Friday, led by...

Published 08 Mar, 2024 03:14am

Stocks

China stocks fall on strong trade numbers

SHANGHAI: China stocks closed down on Thursday as better-than-expected trade data dented expectations of strong...

Published 08 Mar, 2024 03:14am

Stocks

Europe’s STOXX 600 jumps 1pc after ECB rate decision

PARIS: Europe’s main index leapt on Thursday, after the European Central Bank kept rates steady on signs of ...

Published 08 Mar, 2024 03:14am

Stocks

S&P 500 hits record high, chip stocks extend rally

NEW YORK: Wall Street’s main indexes climbed on Thursday, with the Nasdaq leading the charge supported by...

Published 08 Mar, 2024 03:14am

Pakistan

Country’s ‘largest’ book fair begins at PU: PA Speaker highlights significance of book fairs in fostering literacy

LAHORE: Speaker of the Punjab Assembly, Malik Muhammad Ahmad Khan, emphasised the significance of book fairs in...

Published 08 Mar, 2024 03:14am

Pakistan

Court voids CM Gandapur’s ‘proclaimed offender’ status

ISLAMABAD: A local court, on Thursday, declared as “null and void”, the orders declaring Khyber Pakhtunkhwa ...

Published 08 Mar, 2024 03:14am

Pakistan

PTI to move privilege motion against Adiala jail’s superintendent

ISLAMABAD: The opposition Pakistan Tehreek-e-Insaf (PTI), on Thursday, said it is going to move a privilege motion...

Published 08 Mar, 2024 03:14am

Pakistan

IESCO says will ensure power continuity during sehar & iftar

ISLAMABAD: Chief Executive IESCO Dr Muhammad Amjad Khan in his statement regarding IESCO arrangements during the ...

Published 08 Mar, 2024 03:14am

Pakistan

‘International Women’s Day Gala’ held

ISLAMABAD: The UN Resident Coordinator Office in Pakistan, UN Women and the Embassy of Denmark hosted an...

Published 08 Mar, 2024 03:14am

Pakistan

‘MIT-LCE Global Entrepreneurship Conference’ held at LUMS

LAHORE: The Lahore University of Management Sciences (LUMS) Centre for Entrepreneurship (LCE), in collaboration with...

Published 08 Mar, 2024 03:14am

Pakistan

Two terrorists killed in KP

ISLAMABAD: At least two terrorists were “sent to hell” by security forces in two separate operations in...

Published 08 Mar, 2024 03:14am

Pakistan

Industries, CNG stations in Sindh: SSGC announces 48-hour gas holiday

KARACHI: Sui Southern Gas Company (SSGC) has announced 48-hour gas holiday for all industries including their power...

Published 08 Mar, 2024 03:14am

Opinion

PARTLY FACETIOUS: Educated and not so well-educated

“Traditions vary markedly…” “From one region to another, one country to another, one…” “I was...

Published 08 Mar, 2024 03:14am

Letters

Apex court’s opinion on ZAB reference

The Supreme Court has noted that due process and fair trial were not complied with in the murder trial of the ...

Published 08 Mar, 2024 03:14am

Pakistan

Targeting judges in smear campaign ‘utterly unacceptable’: SCBA

ISLAMABAD: The Supreme Court Bar Association (SCBA) said that targeting judges and their families in a smear...

Published 08 Mar, 2024 03:14am

Pakistan

PM thanks Modi, other leaders for good wishes

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday expressed gratitude to the world leaders for extending...

Published 08 Mar, 2024 03:14am

Pakistan

SJC finds ex-SC judge Naqvi guilty of misconduct

ISLAMABAD: The Supreme Judicial Council (SJC) found Sayyed Mazahar Ali Akbar Naqvi guilty of misconduct and opined...

Published 08 Mar, 2024 03:14am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (March 07, 2024). ======================================= Offset...

Published 08 Mar, 2024 03:14am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 07, 2024)...

Published 08 Mar, 2024 03:14am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (March 07, 2024)....

Published 08 Mar, 2024 03:14am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (March 07, 2024). ======================== Open Bid ...

Published 08 Mar, 2024 03:14am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on...

Published 08 Mar, 2024 03:14am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 08 Mar, 2024 03:14am

Energy

Oil prices slip

HOUSTON: Oil prices slipped on Thursday as expectations that US interest rate cuts could be delayed capped gains,...

Published 08 Mar, 2024 03:14am

Cotton & Textile

Slow business on cotton market

LAHORE: The local cotton market on Thursday remained steady and the trading volume remained low. Cotton Analyst...

Published 08 Mar, 2024 03:14am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (March 07, 2024)...

Published 08 Mar, 2024 03:14am

Commodities

Copper, zinc hit 5-week highs on China trade data

LONDON: Copper prices touched their highest in five weeks on Thursday on better-than-expected trade data in top...

Published 08 Mar, 2024 03:14am

Commodities

Malaysian palm oil futures dip

KUALA LUMPUR/ SINGAPORE: Malaysian palm oil futures fell on Thursday after hitting its highest closing price in more...

Published 08 Mar, 2024 03:14am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 33.848...

Published 08 Mar, 2024 03:14am

Commodities

Vietnam 2024 rice exports seen falling

HANOI: Vietnam’s rice exports are estimated at 6.5-7.0 million metric tons this year, down from last year’s...

Published 08 Mar, 2024 03:14am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 160,004 tonnes of cargo comprising 110,238 of import cargo and 49,766 tonnes...

Published 08 Mar, 2024 03:14am

Commodities

Iron ore climbs on renewed hopes of more China stimulus

BEIJING: Iron ore futures rose on Thursday after comments from officials in top consumer China revived hopes for ...

Published 08 Mar, 2024 03:14am

Energy

Ogra to hold public hearings on revenue requirements of SNGPL, SSGC

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) will hold public hearings on the revenue requirements of both...

Published 08 Mar, 2024 03:14am

Editorials

Waste sans frontiers

EDITORIAL: The United Nations Environment Programme’s (UNEP’s) latest Global Waste Management Outlook 2024 ...

Published 08 Mar, 2024 03:14am

Rates

PSX shows mixed trend

KARACHI: Pakistan Stock Exchange on Thursday witnessed mixed trend and after moving in both directions finally ...

Published 08 Mar, 2024 03:14am

Money & Banking

US bank profits drop 44pc in Q4 as big firms cover failed bank costs

WASHINGTON: The US banking sector saw its profits drop by nearly half in the last quarter of 2024, as large firms...

Published 08 Mar, 2024 03:14am

Industry

PBF demands PM help ensure export-led growth, ‘robust’ planning commission

ISLAMABAD: The Pakistan Business Forum (PBF) has demanded export-led growth and robust planning commission from the...

Published 08 Mar, 2024 03:14am

Taxes

Budget FY25: SPARC proposes 26pc hike in FED on cigarettes

ISLAMABAD: The Society for the Protection of the Rights of the Child (SPARC) Friday proposed a 26 percent increase ...

Published 08 Mar, 2024 03:14am

Industry

SAI chief for ensuring ‘proper’ gas pressure to industries

KARACHI: Muhammad Kamran Arbi, President of SITE Association of Industry (SAI), while expressing serious concern ...

Published 08 Mar, 2024 03:14am

Business & Finance

Export-oriented units: Lesco posts Rs1.1bn revenue loss?

LAHORE: The Lahore Electric Supply Company (LESCO) has booked Rs1.1 billion revenue loss from its connections to the...

Published 08 Mar, 2024 03:14am

Money & Banking

Asian currencies rise on US rate cut bets

BENGALURU: Most Asian currencies and equities rose on Thursday, buoyed by growing expectations that US rate cuts are...

Published 08 Mar, 2024 03:14am

Money & Banking

Australia, NZ dlrs rescued by short squeeze

SYDNEY: The Australian and New Zealand dollars found themselves on firmer ground on Thursday as dovish comments from...

Published 08 Mar, 2024 03:14am

Money & Banking

Dollar slips vs euro

NEW YORK: The dollar fell against the euro on Thursday after the ECB kept rates steady even as it acknowledged...

Published 08 Mar, 2024 03:14am

Editorials

Shattered childhoods

EDITORIAL: The child rights NGO Sahil’s latest report detailing the plight of Pakistani children during 2023 is ...

Published 08 Mar, 2024 03:14am

Industry

APTMA Southern Zone rejects increase in gas tariff

KARACHI: All Pakistan Textile Mills Association (APTMA), Southern Zone, has strongly rejected increase of 223 ...

Published 08 Mar, 2024 03:14am

Taxes

Release of ‘radiation machine’ President endorses FTO’s order

ISLAMABAD: President Arif Alvi has endorsed the order of the Federal Tax Ombudsman (FTO), directing the Collector of...

Published 08 Mar, 2024 03:14am

Business & Finance

Global banking watchdog cracks down on big lenders gaming capital requirements

LONDON: Global banking regulators proposed measures on Thursday to crack down on the world’s biggest banks that game...

Published 08 Mar, 2024 03:14am

Sports

PSL 2024 day 19: Islamabad move to second in points table with comfortable win over Karachi

On the back of an all-round performance, Islamabad United secured a vital five-wicket win against Karachi Kings on...

Published 08 Mar, 2024 01:06am

Pakistan

MQM-P announces to vote for Asif Ali Zardari in presidential election

Muttahida Qaumi Movement-Pakistan (MQM-P) on Thursday announced to vote for the ruling coalition’s joint candidate...

Published 08 Mar, 2024 12:53am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 5	277.95
USD PKR Interbank Buying / Aug 5	277.75
USD to Japanese Yen / Aug 5	157.67
USD to Swiss Franc / Aug 5	0.81
Pound Sterling to USD / Aug 5	1.35
Euro to USD / Aug 5	1.16
SOFR % / Aug 5	3.66

Stock	Volume
S&P 500 / Aug 5	7,723.55
India Sensex / Aug 5	78,581
Nasdaq / Aug 5	26,363.44
FTSE 100 / Aug 5	10,888.30
Dow Jones / Aug 5	54,349.12
Germany DAX 30 / Aug 5	26,126.30
France CAC40 / Aug 5	8,669.30
Tokyo Nikkei / Aug 6	65,266.67
Hang Seng / Aug 6	25,455.75

Item	Value
Crude Oil USD/Barrel / Aug 5	74.70
Karachi Cotton PKR/37.32 KG / Aug 5	18,780
Gold 10 Grams PKR / Aug 5	375,459
Gold Spot USD/Ounce / Aug 5	4,284.99
Cotton US¢/pound / Aug 5	83.02
Petrol/Litre / Aug 6	328.56
Diesel/Litre / Aug 6	385.86

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Aug 5 786 Investments Limited(786)	28.57 ▲ 2.6 (10.01%)
First Tri-Star Mod. / Aug 5 First Tri-Star Modaraba(FTSM)	38.34 ▲ 3.49 (10.01%)
Shams Textile / Aug 5 Shams Textile Mills Limited(STML)	55.74 ▲ 5.07 (10.01%)
East West Ins. / Aug 5 East West Insurance Company Limited(EWIC)	60.52 ▲ 5.5 (10%)
Gadoon Textile / Aug 5 Gadoon Textile Mills Limited(GADT)	340 ▲ 30.91 (10%)
J.A.Textile / Aug 5 J.A. Textile Mills Limited(JATM)	51.58 ▲ 4.69 (10%)
Suhail Jute / Aug 5 Suhail Jute Mills Limited(SUHJ)	261.12 ▲ 23.74 (10%)
Tri-Star Power / Aug 5 Tri-Star Power Limited(TSPL)	18.50 ▲ 1.68 (9.99%)
Asim Textile / Aug 5 Asim Textile Mills Limited(ASTM)	51.08 ▲ 4.64 (9.99%)
Redco Textile / Aug 5 Redco Textiles Limited(REDCO)	33.37 ▲ 3.03 (9.99%)

Stock	Price
Mehmood Tex / Aug 5 Mehmood Textile Mills Limited(MEHT)	152.98 ▼ -17 (-10%)
Olympia Mills / Aug 5 Olympia Mills Limited(OML)	108.29 ▼ -12.03 (-10%)
Trust Mod. / Aug 5 Trust Modaraba(TRSM)	21.56 ▼ -2.39 (-9.98%)
Aisha Steel(ConPS) / Aug 5 Aisha Steel(ConPS)(ASLPS)	28.43 ▼ -3.12 (-9.89%)
Tariq Corporation / Aug 5 Tariq Corporation Limited(TCORP)	19.31 ▼ -1.99 (-9.34%)
Nets Internat.Comm. / Aug 5 Nets International Communication Limited(GEMNETS)	21.56 ▼ -1.94 (-8.26%)
Masood Textile / Aug 5 Masood Textile Mills Limited(MSOT)	142.20 ▼ -11.47 (-7.46%)
ARM Green Industries / Aug 5 ARM Green Industries Limited(ARMG)	61.15 ▼ -4.85 (-7.35%)
Grays Leasing / Aug 5 Grays Leasing Limited(GRYL)	21.66 ▼ -1.67 (-7.16%)
Shahtaj Sugar / Aug 5 Shahtaj Sugar Mills Limited(SHJS)	177.41 ▼ -12.45 (-6.56%)

Stock	Volume
Trust Sec.& Brok. / Aug 5 Trust Securities & Brokerage Limited(TSBL)	52,879,995 ▼ -0.13
WorldCall Telecom / Aug 5 Worldcall Telecom Limited(WTL)	42,520,544 ▲ 0.03
Cnergyico PK / Aug 5 Cnergyico PK Limited(CNERGY)	40,200,390 ▲ 0.05
B.O.Punjab / Aug 5 The Bank of Punjab(BOP)	40,114,047 ▲ 1.05
Unity Foods Ltd / Aug 5 Unity Foods Limited(UNITY)	26,759,807 ▲ 1.01
TPL Properties / Aug 5 TPL Properties Limited(TPLP)	25,273,545 ▼ -0.16
Samba Bank / Aug 5 Samba Bank Limited(SBL)	23,483,908 ▲ 1.07
Pak Refinery / Aug 5 Pakistan Refinery Limited(PRL)	22,036,197 ▲ 0.95
Dadabhoy Cement / Aug 5 Dadabhoy Cement Industries Limited(DBCI)	21,526,182 ▼ -0.51
Pak Int.Bulk / Aug 5 Pakistan International Bulk Terminal(PIBTL)	20,001,936 ▲ 0.04